The Journey Towards World Class Maintenance with Profit Loss Indicator

Abstract

To have a maintenance function in the company that ensures a competitive advantage in the world market requires the world class maintenance (WCM). Though several different periods in history, maintenance has shifted from reactive maintenance fixing it when it breaks towards more systematic analysis techniques in terms of root cause analysis. With the onset of digitalisation and the breakthrough technologies in from Industry 4.0 more advanced analytics are expected in WCM. In particular the indicator profit loss indicator (PLI) has shown promising results in measuring e.g. time losses in production in a monetary term. Further, this indicator has also been proposed to be included in predictive maintenance. However, it is not pointed out clearly which role PLI will have in WCM. The aim of this article is therefore to investigate the trends of WCM as well as how PLI can be included in this journey.